“US Debt Ceiling Crisis: President Biden Shows Strength in Bipartisan Compromise Agreement”

While Congress must decide this Wednesday, May 31 on the agreement allowing the American economy to avoid the disaster of default, the president refuses to show off. However, he should come out of the crisis much stronger than the conservative leader Kevin McCarthy.

Joe Biden had sworn, promised, sworn for months: raising the US sovereign debt ceiling was not “non-negotiable” and cannot be the subject of vulgar partisan transactions. The risk was too great: nothing less than an unprecedented default of payment by the United States, which would have precipitated a major crash in the American economy and many others in its wake, no doubt from the first days of June. However, the White House has done just that in recent weeks, to negotiate, and a presidential statement on Sunday recalled how much the agreement reached in extremis this weekend by the Democratic executive and the “speaker” Kevin McCarthy, leader of the Republican majority in the House of Representatives, was above all the fruit of a “compromise”. “It means that everyone doesn’t get everything they want. It goes with the responsibility to govern,” ruled Biden, while welcoming that the content of the deal allows both